About Sastrify
Sastrify is a company based in Koln (Germany) founded in 2020 by Sven Lackinger and Maximilian Messing.. Sastrify has raised $45.3 million across 6 funding rounds from investors including FirstMark, Reimann Investors and Endeit Capital. Sastrify has completed 1 acquisition, including Pengu. Sastrify offers products and services including Sastrify Platform, IT Procurement Software, and Software Marketplace. Sastrify operates in a competitive market with competitors including Apptio, Flexera, Anodot, BetterCloud and Spot, among others.
- Headquarter Koln, Germany
- Founders Sven Lackinger, Maximilian Messing
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Sastrify Gmbh
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Products & Services of Sastrify
Sastrify offers a comprehensive portfolio of products and services, including Sastrify Platform, IT Procurement Software, and Software Marketplace. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
AI-based tool for discovering Shadow IT and assessing compliance risks
Manages contracts, tracks renewals, and optimizes software costs effectively
Platform for integrations and vendor management in IT ecosystems
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Funding Insights of Sastrify
Sastrify has successfully raised a total of $45.3M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(23 Nov 2020)
- Investors Count 16
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Dec, 2023 | Amount | Series B - Sastrify | Valuation | Reimann Investors |
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| May, 2023 | Amount | Series B - Sastrify | Valuation | Endeit Capital | |
| May, 2023 | Amount | Debt – Conventional - Sastrify | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Sastrify
Sastrify has secured backing from 16 investors, including venture fund and angel investors. Prominent investors backing the company include FirstMark, Reimann Investors and Endeit Capital. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Family office of Reimann family
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Founded Year | Domain | Location | |
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Edtech, digital media, eCommerce companies are funded by Endeit Capital.
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Founded Year | Domain | Location | |
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Venture capital investments are made in sustainable, innovative startups by Simon Capital.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Sastrify
Sastrify has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Pengu. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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SaaS-enabled solutions for supply chain spend management are offered.
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2022 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Sastrify
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Sastrify Comparisons
Competitors of Sastrify
Sastrify operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Apptio, Flexera, Anodot, BetterCloud and Spot, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud spending is managed for enterprises through a specialized platform.
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| domain | founded_year | HQ Location |
Cloud management solutions are delivered via an online IT platform.
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| domain | founded_year | HQ Location |
AI based cost management platform
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| domain | founded_year | HQ Location |
SaaS applications management and security solutions are provided by BetterCloud.
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| domain | founded_year | HQ Location |
Cloud spend management software is offered by Spot's platform.
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| domain | founded_year | HQ Location |
Cloud security and compliance solution company
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Sastrify
Frequently Asked Questions about Sastrify
When was Sastrify founded?
Sastrify was founded in 2020.
Where is Sastrify located?
Sastrify is headquartered in Koln, Germany. It is registered at Koln, North Rhine-westphalia, Germany.
Who is the current CEO of Sastrify?
Sven Lackinger is the current CEO of Sastrify. They have also founded this company.
Is Sastrify a funded company?
Sastrify is a funded company, having raised a total of $45.3M across 6 funding rounds to date. The company's 1st funding round was a Series B of $22M, raised on Nov 23, 2020.
What does Sastrify do?
Sastrify was founded in 2020 and is headquartered in Cologne, Germany. The company operates in the IT sector, providing an AI-driven platform for software management. Procurement spending is managed, renewals and negotiations are planned, risks are assessed, and documentation is automated through its tools. Features such as automated supplier negotiations, contract management, and customized tag filters are included to support these operations.
Who are the top competitors of Sastrify?
Sastrify's top competitors include Apptio, Flexera and BetterCloud.
What products or services does Sastrify offer?
Sastrify offers Sastrify Platform, IT Procurement Software, and Software Marketplace.
How many acquisitions has Sastrify made?
Sastrify has made 1 acquisition, including Pengu.
Who are Sastrify's investors?
Sastrify has 16 investors. Key investors include FirstMark, Reimann Investors, Endeit Capital, Simon Capital, and HV Capital.
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